Printing money

[DimPrawn]

Proof the BBC reads CUK

http://news.bbc.co.uk/1/hi/magazine/8245276.stm

[Sysman]

Quite true. And apparently the way to spot them is they're ever so slightly better made. I kid you not.

They aren't the first to do it either. An article I read 20 odd years ago reckoned there are quite a lot of dodgy dollars out there.

Edit:- Wiki without many examples

[threaded]

Great, it will be their fault when the wheeze is found out, by which time we will be long gone Rodders.

Another faktoid I've remembered is that these fake Korean notes actually have their own collectors and typically sell at 150% of face value in that market. Yes, more than proper notes. There are different series of them. There has even been at least one little scandal of an art dealer passing real notes off as fake ones. The world is quite mad is it not.

[TimberWolf]

The North Koreans have been doing that for a while, or so I understand.

Great, it will be their fault when the wheeze is found out, by which time we will be long gone Rodders.

[d000hg]

a handle !! surely there's a big red "Print Money - Go" button ?

I picture it more like a mangle.

[mace]

I've been thinking about this for a while now and after weighing up all the cons and cons have come to the conclusion that it's a short-sighted strategy that can only result in tears, despite what all the economics experts are paid to say. But I have a solution that could work, and it is quite simples:

We print Dollars instead.

This way we have all the benefit of more money, with which we can pay off our loans, but don't suffer the downside of inflation. Surely the Royal Mint has the wherewithal to be able to print Dollars instead of Pounds, and good quality ones too?

Might be more fun to join the Euro system and start printing more Euros than we're supposed to.

[threaded]

The North Koreans have been doing that for a while, or so I understand.

Quite true. And apparently the way to spot them is they're ever so slightly better made. I kid you not.

[chef]

Genious. The guy turning the handle on the money printing machine doesn't even need extra training.

a handle !! surely there's a big red "Print Money - Go" button ?

[d000hg]

Genious. The guy turning the handle on the money printing machine doesn't even need extra training.

[sasguru]

It is the amazing insight and intelligence such as demonstrated on this thread that keeps me coming to CUK

[DimPrawn]

Zimbabwe have abandoned their own (worthless) currency and now everyone uses US dollars.

So it might happen here too.

[AlfredJPruffock]

Why leave such a vital activity in the hands of the state ?
Its time we privatised the Mint - give every citizen the right to print money and we shall all be the happier for it.

[Andy2]

Think again

[TimberWolf]

I've been thinking about this for a while now and after weighing up all the cons and cons have come to the conclusion that it's a short-sighted strategy that can only result in tears, despite what all the economics experts are paid to say. But I have a solution that could work, and it is quite simples:

We print Dollars instead.

This way we have all the benefit of more money, with which we can pay off our loans, but don't suffer the downside of inflation. Surely the Royal Mint has the wherewithal to be able to print Dollars instead of Pounds, and good quality ones too?